Which of the following is the BEST way to detect potentially fraudulent purchases where an employee can approve a receipt of an item or service that the employee also procured?

Last Updated on December 19, 2021 by Admin 3

Which of the following is the BEST way to detect potentially fraudulent purchases where an employee can approve a receipt of an item or service that the employee also procured?

  • Require staff training on entering purchase orders into the enterprise resource planning (ERP) system.
  • Require receipts to be entered against purchase orders by someone other than the buyer.
  • Requite that invoices can only be paid when matched with purchase orders. 
  • Require purchase orders to originate from the same individual with designated authority.
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